What is Blockchain?

Blockchain is a technology and a digitized database that captures transactions so that they cannot be hacked or changed. This digital ledger records transactions which are grouped into blocks. When one block is filled with enough transactions, another is created and added to the chain, hence the name “blockchain.”

Each new transaction is duplicated and distributed across a network of computer systems, in that way ensuring that every transaction is recorded all over. No one is in control of the blockchain, making it a decentralized platform where everyone has access to the transactions, ensuring transparency and security.